"- That wasp nest perched above your doorstep that you ignored.- The rickety steps you decided to wait until next year to place, like you did last year.- The tree swing that you mounted one summer for the kids, and the rope is now about to break.- That door switch in the bedroom that you've notice has always been curiously hot.I mention each of these things, because I am aware of claims - and settlements - related to each of them, two of them my own homeowners, that have occurred over the last 20 years.

If structured informally, though, it could raise legal and tax complications, so be sure to put any such arrangement in writing and review with a tax or estate attorney.In all scenarios, be mindful of gift tax rules (the 2025 annual gift exclusion is $18,000 per donor/recipient), capital gains implications for your parents when they sell, and your own debt-to-income ratio since you already own another property.

We close on the sale in the next few weeks - which brings me and Rachel to the doorstep of our next and final careers; Real Estate Investing!

Since the annual gift exclusion is $18,000 per recipient in 2024, any value given beyond that amount requires filing Form 709 (Gift Tax Return)—though actual gift tax is unlikely due to the lifetime gift exemption (~$13.6M in 2024).So yes, the brother giving up the more valuable share would likely need to file Form 709, even if no tax is due.This post does not create a CPA-Client relationship.

This will help expedite the process once you find a tenant.Is the listing only being shared with program recipients? 

You’re quick to judge until it’s on your doorstep, Which can happen at absolutely any time.

If you are not an intended recipient or an authorized agent of an intended recipient, you are hereby notified that any dissemination, distribution or copying of the information contained in or transmitted with this e-mail is unauthorized and strictly prohibited.

If you are going to resort to PHA voucher recipients, do so because your property is in a neighborhood where you cannot secure financially responsible tenants, not because you beleive you can achieve a higher rental rate.

Simply type out your request and bcc the recipients.

I know HUD provides a Broucher for their recipients, but I’m not sure if Social Service does the same thing in NY (she is receiving assistance).